The US dollar hit a fresh five-week high versus major peers on Monday after more Federal Reserve officials flagged the likelihood of continued aggressive monetary tightening.

China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week's easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of COVID cases.

The protectionist trade policies adopted by some trading partners amid persisting global uncertainty could pose a challenge as well as an opportunity for Indonesia's manufacturer exporters.

Wheat prices are expected to decline in the coming months as exporting countries enter harvesting season, but the Indonesian Flour Mills Association (Aptindo) says the longer-term trend also depends on fertilizer prices.

Skyrocketing fuel and energy prices have cut into Indocement's first-semester net profit, but the company remains optimistic about sales in the second half of the year.

In his annual state address, President Joko “Jokowi” Widodo vowed that work on Indonesia’s planned new capital would continue, even as questions remain as to how the enormous project will be financed.

Indonesia had previously wooed Tesla for investment in its nickel industry, looking to produce and supply batteries for its EVs. 

State-owned steelmaker China Baowu Steel Group Ltd. is reportedly in talks to acquire some of Tsingshan Holding Group's assets in Morowali, in a mission to expand its business in nickel, which is the main material used in stainless-steel production.

The US dollar climbed to a fresh one-month high against a basket of major peers on Friday as Federal Reserve policymakers continued to talk up the need for further interest rate hikes ahead of their key Jackson Hole symposium next week.

The high inflation rate in Indonesia is likely to continue in 2023 as Bank Indonesia projects that prices will remain stubbornly high next year, extending what the country has been suffering throughout this year.

In the first quarter of this year, the Trade Ministry recorded five new and three re-initiated cases of trade remedies imposed on Indonesian products by trading partners.

The dollar was on the front foot on Thursday after minutes from the Federal Reserve's July meeting pointed to US interest rates staying higher for longer to bring down inflation.

Another extension of the bank loan-restructuring program believed to be unlikely, but experts and borrowers say authorities may want to reconsider, arguing that some businesses need more time to fix their finances.

Markets dropped in Asia on Thursday following a sell-off in New York spurred by minutes from the Federal Reserve indicating officials intended to keep lifting interest rates to tackle decades-high inflation.

The budget plan for next year reflects determination to bring the deficit back down below 3 percent of GDP and leave enough fiscal space for any eventuality.

Scheduled to be held from Aug. 24-28 in Cologne, Germany, Gamescom is one of the biggest gaming events worldwide, in which game developers and investors can meet each other to make transactions; Indonesia is sending 13 delegations to the event.

Apple's Chinese suppliers Luxshare Precision Industry and iPhone assembler Foxconn have started test production of Apple Watch and MacBook in Northern Vietnam, the report added. 

President Joko Widodo claims Indonesia’s commitment to strengthening its downstream industry has proved to be fruitful, as it allows the country to gradually shift from selling raw materials to value-added goods. 

As the world moves forward from the pandemic, so too does the public’s sense of mobility, whether it’s wanderlust or day-to-day commuting.

The number of people living in poverty in 2021 rose to a total of almost 20 million or 18.1% of the population from 16.7 percent in 2018, the Philippine Statistics Authority (PSA) said, overshooting the government's target of 15.5 percent-17.5 percent. 

The price hike will be complemented with rules on subsidised fuel sales that will be issued this month, Energy Minister Arifin Tasrif was quoted as saying by several local media, including news website bisnis.com.

While Garuda Indonesia is relieved that Boeing, along with several other creditors, did not make any debt repayment claim in the local court within the 30 days following its debt suspension case (PKPU) conclusion, experts believe this alone will not prevent creditors from filing lawsuits to force repayments later on. 

Stock markets mostly steadied and the dollar traded mixed as investors welcome signs of cooling US inflation, which nevertheless remains at the highest level in decades.

Indonesia’s trade surplus shrank in July but exports still exceeded imports for the 27th month in a row.

Coalmining company PT Black Diamond Resources expects to raise Rp 227.5 billion (US$15.5 million) through an initial public offering (IPO) in August, mainly aimed at covering the company's working capital, including its capital expenditure (capex).

Under the deal, the southeast Asian airline will buy 10 planes from Airbus and lease the 10 others from Avolon, a Dublin-based aircraft leasing company.

Southeast Asia's second-largest economy was hit hard during the pandemic, though visitor numbers are slowly improving with the relaxation of travel rules since May.